9th Dec 2005 08:00
French Connection Group PLC09 December 2005 French Connection Group plcTrading update9 December 2005 Since the Group's interim results in September we have seen an improvement inretail trading, however this has not been sufficient to meet our targets andthis, combined with a shortfall in our wholesale orders for summer 2006, hasresulted in pressure on the Group's financial forecasts. Dependent on levels oftrading in our retail stores over Christmas and wholesale deliveries before theend of the financial year, we now anticipate profit before tax for the year to31 January 2006 in the range of £11 million to £14 million. Commenting on trading, Stephen Marks, Chairman of French Connection said "We areexperiencing very difficult conditions on the UK high street right now andshoppers continue to be cautious. We have seen a positive impact from rangeimprovements this season, although clearly we have further to go and we willcontinue to work to maximise our opportunities going forward." Enquiries: AnalystsRoy Naismith French Connection +44(0)20 7036 7206 MediaTom Buchanan/Lucie Anne Brailsford Brunswick +44(0)20 7404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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